Soul Summit Music Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 11,452 | 10,361 | 1,091 | 0.6 | — |
| 2016 | 16,549 | 14,350 | 2,199 | 1.4 | — |
| 2017 | 16,761 | 16,750 | 11 | 1.0 | — |
| 2018 | 27,892 | 26,440 | 1,452 | 1.2 | — |
| 2019 | 49,562 | 44,953 | 4,609 | 1.9 | — |
| 2020 | 9,758 | 14,700 | −4,942 | 0.0 | — |
| 2021 | 42,246 | 26,608 | 15,638 | 7.1 | — |
| 2022 | 53,407 | 50,435 | 2,972 | 4.4 | — |
| 2023 | 47,253 | 55,794 | −8,541 | 2.2 | — |
In its most recent public year (2023), this organization spent $8,541 more than it brought in. Its reserves stood at about 2.2 months of spending, up from 0.6 in 2015.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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